2018 (9) TMI 1673

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....araj, Advocate for the Appellant Shri. A. Cletus, ADC (AR) for the Respondent ORDER Per Bench, The appellant is an exporter of readymade garments and the dispute in the present appeal relates to the export of readymade garments, namely, 100% Cotton Knitted Men's T.shirt at FOB value of Rs. 2,69,75,980/-. For the above export, the appellant had filed eight shipping Bills dt. 27.09.2010 ....

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....etailed reply explaining that no interference was required with regard to the valuation; it also furnished the whole set of correspondences it had with its suppliers, but the Commissioner however in the impugned order dt. 14.08.2012 has confirmed the proposal carried in his Show Cause Notice. In the impugned order, the Commissioner has mainly relied on the report of the Valuation Committee i.e. hi....

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....eclared by the assessee could not be accepted. 3.3 He also submits that other than the above estimate by the hi-powered committee, there is no other independent evidence with the Revenue to say that the value declared by the assessee is incorrect for the reason of it being high. 3.4 Further, the Ld. Advocate also relies on the decision of this Bench of the Tribunal in the case of Wooden Styl....

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....luation. However, the status of such Valuation Committee along with the expertise of the members does not stand disclosed by the revenue and as such, the Committee in question cannot be held to be an opinion of expert person. Further, the Committee has not given any reasons as to why the value declared by the assessee is not to be accepted. As such, he submits that the Revenue has proceeded withou....